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Pantheon Resources PLC (GB:PANR)
LSE:PANR

Pantheon Resources (PANR) AI Stock Analysis

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GB:PANR

Pantheon Resources

(LSE:PANR)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
8.50p
▲(1.43% Upside)
The score is held down primarily by weak financial performance—ongoing losses, minimal revenue, and negative operating/free cash flow—despite a comparatively low-leverage balance sheet. Technicals add additional pressure with a strong downtrend and bearish momentum, while valuation is constrained by negative earnings and the absence of a dividend.
Positive Factors
Strategic Resource Development
The development of the Dubhe-1 well could significantly increase Pantheon's resource base, supporting long-term growth and enhancing its competitive position in the oil and gas market.
Leadership Strengthening
The addition of experienced leaders like Marty Rutherford enhances strategic decision-making and operational efficiency, crucial for navigating complex industry challenges and achieving sustainable growth.
Financial Stability
The successful fundraise strengthens Pantheon's financial position, providing necessary capital for strategic initiatives and reducing liquidity risks, which is vital for long-term operational stability.
Negative Factors
Profitability Challenges
Persistent unprofitability and negative margins indicate operational inefficiencies, which could hinder Pantheon's ability to invest in growth and compete effectively in the long term.
Cash Flow Issues
Negative cash flow highlights liquidity risks and limits Pantheon's ability to fund operations and growth initiatives without external financing, impacting its financial health.
Operational Inefficiencies
Operational inefficiencies reflected in negative margins suggest challenges in cost management and production efficiency, potentially affecting long-term profitability and market competitiveness.

Pantheon Resources (PANR) vs. iShares MSCI United Kingdom ETF (EWC)

Pantheon Resources Business Overview & Revenue Model

Company DescriptionPantheon Resources Plc, through its subsidiaries, engages in the exploration and production of oil and gas in the United States. Its primary assets are the Greater Alkaid project that covers 22,804 acres located in Alaska; and the Talitha project covering an area of approximately 44,463 acres. The company was incorporated in 2005 and is headquartered in London, the United Kingdom.
How the Company Makes MoneyPantheon Resources makes money through the exploration and production of oil and gas reserves. The company generates revenue by extracting hydrocarbons from its properties and selling these commodities in the open market. Key revenue streams include the sale of crude oil, natural gas, and natural gas liquids. The company’s earnings are influenced by factors such as the volume of production, prevailing market prices for oil and gas, operational efficiency, and the successful development of its exploration projects. Strategic partnerships with other exploration and production companies, as well as agreements with service providers, also play a significant role in optimizing its operations and enhancing revenue potential.

Pantheon Resources Financial Statement Overview

Summary
Pantheon Resources shows revenue growth but struggles with profitability and cash flow generation. The balance sheet is relatively stable with low leverage, but operational inefficiencies are evident from the negative margins and cash flow issues.
Income Statement
Pantheon Resources' revenue has grown significantly from 2023 to 2024, but the company remains unprofitable with negative EBIT and net income. Gross profit margin is positive, but the net profit margin is deeply negative, indicating operational challenges.
Balance Sheet
The company's debt-to-equity ratio is low, suggesting a conservative leverage position. However, there are concerns over profitability impacting return on equity. The equity ratio is strong, indicating a solid asset base relative to liabilities.
Cash Flow
Operating cash flow is negative, and free cash flow has deteriorated significantly. The company is struggling to generate positive cash flows, which could pose liquidity risks if not addressed.
BreakdownTTMDec 2025Dec 2023Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.00803.69K13.39K0.000.00
Gross Profit-18.51K-51.40K130.40K6.24K0.000.00
EBITDA-492.88K92.88K4.86M-8.40M-15.69M-8.24M
Net Income-4.84M-3.27M-1.45M-11.55M-13.95M-6.67M
Balance Sheet
Total Assets266.36M266.36M309.93M304.62M298.10M194.76M
Cash, Cash Equivalents and Short-Term Investments16.79M16.79M20.66M7.91M57.78M5.66M
Total Debt23.92M23.92M26.41M20.35M30.57M32.79K
Total Liabilities37.66M37.66M37.50M27.72M58.69M6.10M
Stockholders Equity228.69M228.69M272.43M276.90M239.40M188.66M
Cash Flow
Free Cash Flow-11.77M-2.51M-59.65M-18.33M-46.21M-28.07M
Operating Cash Flow-3.13M-2.51M-11.40M-11.37M-941.51K-3.10M
Investing Cash Flow-26.26M-31.37M-47.91M-6.34M-47.63M-24.97M
Financing Cash Flow37.88M45.54M22.18M4.96M100.69M28.93M

Pantheon Resources Technical Analysis

Technical Analysis Sentiment
Negative
Last Price8.38
Price Trends
50DMA
20.14
Negative
100DMA
23.78
Negative
200DMA
27.79
Negative
Market Momentum
MACD
-3.78
Positive
RSI
24.80
Positive
STOCH
25.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PANR, the sentiment is Negative. The current price of 8.38 is below the 20-day moving average (MA) of 12.72, below the 50-day MA of 20.14, and below the 200-day MA of 27.79, indicating a bearish trend. The MACD of -3.78 indicates Positive momentum. The RSI at 24.80 is Positive, neither overbought nor oversold. The STOCH value of 25.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:PANR.

Pantheon Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
63
Neutral
£381.93M-1,100.00-0.09%8.66%38.03%94.56%
58
Neutral
£194.98M-2.27-26.37%4.36%-18.05%-634.88%
56
Neutral
$158.59M-3.77-11.54%-0.20%-25.68%
52
Neutral
£153.69M-9.33-6.29%-32.66%72.67%
44
Neutral
£148.74M-4.08-92.03%-16.87%21.18%
43
Neutral
£112.97M-27.93-100.00%-84.62%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:PANR
Pantheon Resources
8.38
-27.72
-76.79%
GB:GENL
Genel Energy
57.60
-5.30
-8.43%
GB:CNE
Capricorn Energy PLC
220.00
-102.00
-31.68%
GB:ENQ
Enquest
10.46
-2.51
-19.35%
GB:GKP
Gulf Keystone Petroleum
176.00
33.25
23.29%
GB:KIST
Kistos PLC
179.50
51.50
40.23%

Pantheon Resources Corporate Events

Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing
Pantheon Resources Narrows Loss, Raises Capital and Advances Alaska North Slope Development
Positive
Dec 30, 2025

Pantheon Resources reported a significantly reduced comprehensive loss of $5.0 million for the year to 30 June 2025, supported by $64 million of new funding during the year and a further $46.25 million raised post year-end, bolstering liquidity and enabling the full repayment of its Heights convertible bond by December 2025. Operationally, the company advanced its North Slope development programme with the drilling of the Megrez-1 exploration well and Dubhe-1 appraisal well at the Ahpun reservoir, continued planning and permitting work on its large certified resource base, strengthened its leadership team with a new CEO, CFO and Chief Development Officer, and deepened engagement on the proposed Alaska LNG project as it positions for potential transition from appraisal to development, with implications for future production, infrastructure access and long-term value creation for shareholders.

The most recent analyst rating on (GB:PANR) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Pantheon Resources stock, see the GB:PANR Stock Forecast page.

Business Operations and Strategy
Pantheon Resources Pauses Dubhe-1 Winter Testing but Sticks to Alaska Growth Plan
Neutral
Dec 22, 2025

Pantheon Resources has updated shareholders on 2025 progress and the Dubhe-1 development well, stressing that while Dubhe-1 has not yet delivered the production levels sought, it has confirmed mobile hydrocarbons and generated valuable data to refine its development plan, particularly for the Ahpun reservoir. The company has paused costly winter testing after recovering about half of the injected stimulation fluids from Dubhe-1, framing the move as disciplined capital management rather than reduced confidence in the resource base, and plans to resume more cost-effective testing in the spring alongside an accelerated appraisal program at its world-class Kodiak field, under a strengthened leadership team brought in to sharpen technical rigor and capital efficiency.

The most recent analyst rating on (GB:PANR) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Pantheon Resources stock, see the GB:PANR Stock Forecast page.

Business Operations and StrategyShareholder Meetings
Pantheon Resources Reschedules Investor Webinar to Foster Transparency and Growth
Positive
Dec 17, 2025

Pantheon Resources has rescheduled its investor webinar to 22 December 2025 to discuss updates and future plans with both existing and potential stakeholders. This move reiterates its commitment to transparency and engagement as it develops its Alaskan oil fields while aiming for sustainable growth and market value enhancement.

The most recent analyst rating on (GB:PANR) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Pantheon Resources stock, see the GB:PANR Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Pantheon Resources Completes Bond Repayment and Plans Shareholder Update
Positive
Dec 15, 2025

Pantheon Resources announced the final repayment of its unsecured convertible bonds through the issuance of new shares, effectively reducing the principal outstanding to nil. This strategic move strengthens the company’s financial position as it continues to focus on the development of its oil fields in Alaska. Additionally, the company plans to host a webinar on December 23, 2025, to update shareholders on the progress of the Dubhe-1 well, which remains in the cleanup phase. This engagement reflects Pantheon’s commitment to transparency and stakeholder communication as it advances its appraisal efforts.

The most recent analyst rating on (GB:PANR) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Pantheon Resources stock, see the GB:PANR Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Pantheon Resources Announces Retirement of Key Director Amid Strategic Transition
Neutral
Dec 15, 2025

Pantheon Resources announced the retirement of Jay Cheatham, a Non-Executive Director and former CEO, as part of its succession plans. Cheatham’s leadership has been pivotal in shaping the company over 17 years. His departure marks a significant transition for Pantheon, which continues to focus on its strategic objectives of developing the Ahpun and Kodiak fields, aiming for financial self-sufficiency and leveraging its competitive advantages in Alaska’s oil and gas sector.

The most recent analyst rating on (GB:PANR) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Pantheon Resources stock, see the GB:PANR Stock Forecast page.

Business Operations and Strategy
Pantheon Resources Updates on Dubhe-1 Well Operations
Positive
Dec 2, 2025

Pantheon Resources provided an operational update on its Dubhe-1 well, highlighting the progress of well clean-up operations and the commencement of oil production. The company reported that the total cost for drilling and completing Dubhe-1 was approximately $33 million, which includes a pilot hole for core sampling and evaluation of multiple horizons. Despite the higher costs, the company maintains a positive outlook on its operational performance and future potential, with the new Dubhe pad offering opportunities for future drilling.

The most recent analyst rating on (GB:PANR) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Pantheon Resources stock, see the GB:PANR Stock Forecast page.

Business Operations and Strategy
Pantheon Resources Updates on Dubhe-1 Operations and Conference Participation
Neutral
Nov 12, 2025

Pantheon Resources announced its participation in the 46th Annual Alaska Resources Conference, where CEO Max Easley will engage with industry participants. The company provided an operational update on its Dubhe-1 well, which is in the early stages of flowback with ongoing well clean-up operations. This phase is crucial for demonstrating the commercial potential of the Ahpun field. The announcement underscores Pantheon’s strategic positioning and its efforts to advance development on the North Slope, with potential implications for stakeholders as the company progresses toward financial self-sufficiency and further development of its fields.

The most recent analyst rating on (GB:PANR) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Pantheon Resources stock, see the GB:PANR Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Pantheon Resources Completes Successful Fracture Stimulation on Dubhe-1 Well
Positive
Oct 8, 2025

Pantheon Resources announced the successful completion of hydraulic fracture stimulation on the Dubhe-1 well, part of its Kodiak and Ahpun projects on Alaska’s North Slope. The operation, involving 25 stages over eight days, was executed without incidents, marking a significant step forward in the company’s development plans. The well is now being prepared for clean-up and production testing, with further updates expected as the program progresses. This achievement enhances Pantheon’s operational capabilities and confidence in meeting its future production objectives.

The most recent analyst rating on (GB:PANR) stock is a Hold with a £22.50 price target. To see the full list of analyst forecasts on Pantheon Resources stock, see the GB:PANR Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 04, 2026